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over big bucks. the government says they are tax evading lawbreakers. let's bring in a senior fellow at the cato institute. thank you for coming on the show tonight. 225,000. since when is it illegal to rent out your apartment on your own? >> this is an example of overzealous overreaching by the government. in the name of going after some slumlords or other people who are more notorious, they're going after people who are just trying to -- gerri: but they are not going after slumlords, are they? they just want some tax revenue. same as those hotel tax revenues. they say they want to get that. isn't that the real motivation? >> if that is what they wanted they could pass a loss objecting these people to taxes. think it is more nefarious than that. the unions and hotel lobbies want to shut down its competitors. gerri: i just understand why you can't do with your own property but you want to. why the government should be involved in all. they're trying to subpoena information to get your information and my affirmation in everyone's information who uses the service. >> absolutely. it is
and who is eligible for a refund. our guest is tax foundation chief economist william mcbride. "washington journal" is next. host: >> host: the white house is to eating -- is disputing claims. the u.s. ambassador to madrid will appear to discuss buying in the country after press reports that the nsa collected information on phone calls. chiefs from those and other countries are expected to travel to the u.s. to discuss those issues. this topic, even on the sunday talk shows yesterday. for our first 45 minutes, when it comes to physically monitoring by the nsa on our allies, we want to get your thoughts on whether the u.s. should rethink spying on allies. here's how you can tell us this morning. you can also reach out to us on social media. you can always send us an e-mail to journal at c-span.org. stores today and yesterday stemming on new developments when it comes to monitoring of ally activity by the nsa. new about obama spying. thatsa denies reports obama was told in 2010 of nsa spying on angela merkel and allowed it to continue. on sunday, the german tabloid siding unknow
it is not a fine, it is a tax. you know the government did not argue that it was a tax and even though the people challenging did not argue it is a tax, the supreme court called it a tax, and because it is a tax, you have to pay it first and then seek your refund. this is insane. and so people will have additional tax bill. they must pay the tax bill and petition the irs. begging the irs to have that money paid back to them because there was no insurance policy made available at the time the tax was due. >> that is because of judge roberts' ruling. >> it is because of the supreme court ruling. tax is different than a penalty. if we speed and have a point assessed. if you are i owe a tax and think it is too much. we pay the tax first and get the money back, later. that's what will happen to individuals who will not obtain insurance coverage because obama care doesn't work and the computer system couldn't get them to the insurance carrier and the dead line passed. >> so it is line garnishing the wages. >> it is the moral equivalent, yes. if you owe the tax and don't pay it, your employer will colle
in any temperature, even cold. tideod pop in. stand out. ♪ 'cause i'm the tax man, yeah, i'm the tax man♪ >> i love that music, i mean, that's just perfect because higher taxes may be coming thanks to obamacare. a report in the new york times that says millions of people will get free health coverage under obamacare. grover norquist joins us on the demands for ever more taxes. we're about a minute from the opening bell. come in from chicago, larry levin. look, larry, i've got a new poll from citigroup that says that 20 very rich families keep 39% of their assets in cash, only 25% in stocks. i'm surprised as so much cash. what does it tell you? >> well, it tells you those people have a whole lot of money, stuart and they've got less problems than a lot of people, even a lot of traders down here, you know, if you're going to keep-- >> do you think they're worried? do you think they're nervous with stocks as an all-time high and bonds doing very well, too? are they nervous? >> again, i think they may be nervous to a certain extent. you should be a little nervous when the markets are on t
of these crimes, you're asked to call police. >>> higher taxes in maryland may actually be saving lives. health advocates announced the state cigarette tax is stopping people from smoking and now they want to hike the tax even higher. >> reporter: the state already charges $2.00 in charges for each pack of cigarettes you buy. health advocates want that to be raised to $3.00 a pack to force more people to quit. for seven years, she smoked a pack of cigarettes every other day. >> i get shortness of breath walking up the steps. >> reporter: it wasn't just her health that suffered, her bank account took a beating. >> and they keep going up. i don't know why people keep buying them. >> reporter: according to a new report, that high price may be causing people to quit. advocates say cigarette sales have been on a steady decline for the past few years ever since tobacco taxes started rising. smoking rates have fallen 32% from 1998 to 2010. >> tobacco tax increases save lives. >> reporter: that's why vincent demarco is lobbying for another dollar increase. >> we want a new tax to go to health care and
for by the payroll tax. that's called -- a kind of single payer. but the republicans for years have been saying -- no we don't want it that way. we want private insurers. we want a profit motive the we want a market. and indeed if you look back, historically, richard mixston came up with a proposal that was very, very close to the affordable care act. democrats didn't like it. it wasn't close enough to social security and medicare. mitt romney, the reason the president is -- in massachusetts is because obama care was modeled exactly after romney care in massachusetts. including the individual man date, which mitt romney after he signed that into law and was asked where did the mandate come from. he said an idea from the heritage foundation. and i heard from it through newt gingrich. that's where -- that's where this comes, this comes from. so for republicans now to turn around and say, oh, we think this is just awful. we don't like any of this. well it its beyond ironic. it is sort of -- tragic and combic com comic. >> secretary sebelius -- >> the president made it clear. and our policy was put
of obamacare under congress' general taxing power. the court noted specifically that, quote, even if the taxing power enables congress to impose a tax on not obtaining health insurance, any tax must still comply with other requirements in the constitution, unquote. mr. speaker, i want to read that one more time. even if the taxing power enables congress to impose a tax on not obtaining health insurance, any tax must still comply with other requirements in the constitution, unquote. in short, mr. speaker, obamacare was upheld as a tax. the supreme court did not and has not yet considered a challenge to the affordable care act's taxing provisions on the grounds that it violated the origination clause in the united states constitution. and, mr. speaker, it most certainly did exactly that. mr. speaker, the origination clause is found in article 1, section 7 of the constitution. and it states, quote, all bills for raising revenue shall originate in the house of representatives, unquote. in creating obamacare, senator harry reid took an entirely unrelated bill, h.r. 3590, containing just 714 words, a
as sequestration be replaced. democrats suggested that you posing with acs tax loopholes while republicans focused focus on the cost of entitlement programs. this is 2.5 hours. >> good morning. this budget committee will come to order and welcome to all of our committee hearings and committee members, the tradition in the committee is the body the last chaired it hands the gavel over and that apparently is what this is, to the new chair. so i am very proud to open this up and follow the tradition of this committee and it is my pleasure to hand this big gavel over to my colleagues. >> it looks like a keeper. [laughter] >> thank you, i will put this somewhere else. >> thank you, chairman. welcome, everyone. i feel the house members are here. and today we are considering the resolution on the budget in the house amendment and we will begin with opening statements and i will recognize myself in and senator patty murray. each house will be recognized in the order of seniority alternating between minority and majority and since there are more from the senate and the house, asked her if they have made t
unionized, hearns before taxes about $1,800 a month. does have health insurance through wal-mart but they take options. is encouraged by the company to spend $300 a month buying walmart stock which is useless to her. she will never retire anyway. there buying their stock. i said of what do you eat? she said i am supposed to eat healthy food because i have diabetes but i eat tv dinners from wal-mart and often can't afford it so i go to bed hungry. she was too sixth to take a bus to work and to know how to drive so had to pay her neighbor gas money to drive her to work at walmart. to me that is near poverty. people who according to walmart are doing okay because they're a couple dollars an hour above minimum wage but no way are they doing okay. they don't have any economic security and there are millions of workers all over this country but especially in the south because a lot of the poverty is concentrated in places like texas all over the country workers in that kind of situation. one of the things i thought was most stunningly disingenuous about the last election campaign
on the tax policy. all of a sudden under the rules of the senate you need a supermajority to pass tax increases. if you're a pro choice woman especially in light of the fact that with a current make-up of the supreme court, you be concerned you're going to lose your right to access and safe abortion. so, again, the fact of the matter is, you know -- >> connect those dots for me, though. connect those dots. is the argument this? that if you muck with what the current filibuster rules are, you essentially begin to slide down a slippery slope, which will mean in the future republicans will muck with it in all kinds of radical ways? >> exactly. you're playing the long ball. if you're the democratic leadership looking out for the institution as a whole, you've got to be concerned about what may occur in the future. because after all, you know, you can't guarantee -- >> in the minority some day. >> yeah. you can't guarantee. >> here's the problem with the argument. right now, we seeing violations of all kinds of norms. the amount of filibusters has spiked. you have a crazy situation which r
for income tax purposes, the court would disregard it because this is s-corporation? >> it may well be. the fact it is an s-corporation even though it means there is this corporate forum, the net result of income and loss of penalty goes on frank and phil gilardi's income tax returns, part of schedule k. >> a complete pass through? >> yes. >> that is true of limited liabilitied corporations and associations? >> i think we deal with a you blah that impinges on fundamental first amendment freedoms the supreme court said we don't allow form to triumph over substance that. is what we're talking here. >> i think what lee says, if you're in the commercial, if you're in the commercial market you have to give up some for the greater good. >> i agree judge, it does say that but what we say that is part of the -- >> congress had some exemptions as well. >> nothing like in -- >> that is your take. you're saying the exemptions here are so overwhelming, so large in their number that you should win, i don't see you can't possibly get around lee. because lee had exemptions and the court gave it the b
for later shooting at that girl. >> san francisco board of supervisors meeting to vote whether to add a tax on sugary drinks. >> critics are saying this is a bad idea. abc # news has more. >> the owner of this popular deli in the castro district says soft drinks makeup 30% of his business and says a tax would hurt. >> to be honest it would be affecting us in a way, people, cut back on soft drinks. and, also, drinks. >> reporter: supervisor scott weiner will start a campaign for a tax on soda and sugar-sweetened beverages. >> we have taxed tobacco fr a long time, taxed alcohol for a long time. it's not out of the ordinary to tax products that have some negative side affects. >> reporter: also gearing up today a consulting firm that beverage companies hired to fight the tax. >> because they simply have effect of raising cost of living and have no material affect on with living a healthy life style. >> reporter: his firm helped defend a soda tax in richmond. he thinks san francisco voters will respond the same. >> i think san franciscoins have higher priorities than placing a tax on beverag
with a blue cross silver atmo plan with tax credits, in that case, instead of $800 a month, it's $77 a month. and let me refer you to the interview on "meet the press" with the blue cross florida ceo. he was asked by david gregory, in florida, the oldest and largest health care plan provider, florida blue cross, confirmed it is cutting 300,000 policies. and this is what the chairman of blue cross of florida said, "we're not cutting people, and i quote, we're actually transitioning people. what we've been doing is informing folks that their plan doesn't meet the test of the essential health benefits. therefore, they have a choice of many options that we make available through the exchange, and, in fact, with subsidy, many people will be getting better plans at a lesser cost." so this has become a matter of legitimate discussion, and i think all of us would appreciate your addressing it. >> sir, again, going back to prior to the affordable care act days, these individuals in a small group or individual market had no protections. they had no guarantees of coverage, and they were still being cha
are available to them, including tax credits that are available to .hem we will continue that effort, including with the new resident remarks tonight. >> this week, there will be talks on iran's nuclear program in you jeanie buss. -- in geneva. what you expect from these talks? >> i would say a couple of things. as the president has said, the history of mistrust between the united states and the islamic republic of iran is deep and it will not be erased overnight. is nott we are doing now about trust. we are engaged in serious and substantive negotiations, but offering the possibility that we can stop the advancement of these nuclear activities. resolve the international community's concerns about the nuclear program in iran. our goal is to achieve a verifiable agreement that does not allow iran to obtain a nuclear weapon. and we have said the window is open for us to pursue this option. goal of notur allowing iran to possess a nuclear weapon, and i'm going to aggressively pursue that while the window is open, but it will not remain open indefinitely. we are going into this with eyes wide open,
tax questions, call us 1-877-249-9626. we want to hear you from. it's as simple as this. at bny mellon, our business is investments. managing them, moving them, making them work. we oversee 20% of the world's financial assets. and that gives us scale and insight no one else has. investment management combined with investment servicing. bringing the power of investments to people's lives. invested in the world. bny mellon. at od, whatever business you're in, that's the business we're in with premium service like one of the best on-time delivery records and a low claims ratio, we do whatever it takes to make your business our business. od. helping the world keep promises. gerri: welcome back to our special user guide to obamacare, you still have time to send in your question, 1-877-249-9626. back again with me to answer your tax related questions. rich, thank you for coming back after dinner. i appreciate that. we have a caller here wayne in north carolina. what is your question? >> two questions, when there is a discussion about total income for individuals, as far as getting offset fro
that did tax reform and revisions that had revenue. and thank goodness. it was at least fair, where the 1% were getting 45% and the bottom 99% were getting 55%. what is the configuration now? i might venture to say, mr. jeffries, that the 99% are getting zero and the top 1% may be right now at 100%. so i'm asking for the conference to go and work for america. not this configuration, but to in the 99% investment america. to be able to take the c.b.c. budget and look at some of the tax reforms that could be utilized, to look at our job creation, which would include the maintenance and repair for public transit, highways, airports, port, railroad and bridges. the houston metro would appreciate having the opportunity to expand and create work from those who would on the rail lines to those who would build the rail cars, to those who would run it. and the opportunity for people going to work to ride on it. work force development programs such as the work force investment act, programs that i've had in times -- legislation i've introduced in times of high unemployment, to gively give those une
, in a balanced way. we've heard from senators about the need to modernize the tax code and move toward real tax reform. while the committee can't get it done. we can move in that direction in a substantial way. making a modest cut of only 5% of the trillion dollars a year we spend through the tax code would make huge dent in the deficit. lastly, we have to don't make some reduction in direct spending. although i know that's the area taken the hardest hit. i'll insist on doing in a way that put a circle of production around around the most vulnerable and honoring our promises to seniors, veterans, and about to retirement to protect them from cuts. chairman rhode island i know, chairman muir ray. i'm glad we have come together. we need focus not on the area of disagreement but priority we share. reducing the deficit, and ensuring our long-term prosperity. thank you. >> thank you. i've learn something. i know, you refer to yourself as delaware begans. senator ayotte. >> thank you, mr. chairman. i want to thank you and thank chairman murray for your leadership and everyone at the table who is comi
taxes for 98% of all americans. and lower bare year -- lowering baferiers so entrepreneurs and businesses can innovate, grow, and hire. because of these measures we're moving in the right direction. the positive signs are reel. -- real. since 2009 our economy has been expanding. over the past 43 months, private employers have added 7.6 million jobs. in fact, businesses have added more than two million jobs over the last year alone. and the end of this year, and the beginning of next year, show signs of further progress. the auto industry is growing again, manufacturing has increased. the global market has improved. american companies liked ford and apple are starting to move operations back to the united states. we sell more products made in america to the rest of the world than ever before. the cost of health care is growing at the slowest rate in years. and our deficits are half of what they were when the president took office. so we have seen the united states economy make a turn around. our economy is actually recovered faster than any other advanced economy. just as it
on the house position in terms of the resolution they passed back in the spring which had no tax increases, no revenue increases, assumed to the repeal of the affordable care act. it is the antithesis to the senate position. thesenate budge was resolution they passed. they had increased references -- revenues and a differences are so great it is unlikely there will be any kind of agreement to raise revenues because it could not pass in the house of representatives. host: does that doom this effort to failure? guest: now, if people had expectations that this would be a large deficit reduction package achieved by the hope for a deadline of december 13, i think that is off the table. i think there is a real possibility, not of a grand bargain, but of a bargain that will be granted that we got a bargain at all. the american public believes that congress is dysfunctional and cannot achieve anything. at a minimum, it seems there is a good possibility that both mrs. murray and mr. ryan can come together on some sort of package that will show that the house and senate can work together in a minima
-do tax code, reform entitlement spending and reset spending levels. so the question is will this happen? can this happen? >> i think what we will see is resetting the spending levels. only for the next year. they only have two months and 13 days between now and the january 15th deadline. that's when the current spending plan expires. that's not a lot of time to put together something as comprehensive as this grand bargain. it would involve the tax code and entitlement spending and things that a are so huge and gaps that are so wide between the two parties, there is just not enough time to get that done. so where does that leave congress and the budget deal? it is going to be a focus on the current spending level and how we move into fiscal 2014. we have this temporary spending bill, but they need to come up with a deal that will last through 2014 and that will deal with remember the sequester that is the automatic budget cuts that come down every year. it is $110 billion automatically on january 15th. they want to stop that a from happening on the democratic side. on the republican side
the attention away from things like obama care, taxes, energy, those issues that are going to affect virginia in the next four years delayed our ability to get to voters at least to be on the front burner, so to speak. and that's where we are now. >> so it hurt. >> that's what we have to close with. >> it hurt? >> it compressed time to get people while they're paying attention to this race. >> steve. >> bret mentioned this independent libertarian style candidate. he is taking as many as i think the average was 9.5%, 9.5 points if you look at the quinnipiac polls and other polls, if his voters were your voters, you would be winning. how concerned are you about him and what's your pitch to libertarian style voters? >> i'm the most-accomplished pro-liberty candidate that's actually been elected statewide in virginia in my lifetime. so what we talked to them about is my actual accomplishments. being the first to challenge obama care, being an attorney general who's going to leave office having helped exonerate more wrongfully convicted felons than any other a.g. in history. whether it's fighting
of journalists reactive turkish lawmakers breaking the headscarf taboo in parliament. andy taxing times faced by french footballer whose bosses are threatening to strike over seventy five percent tax on wealth above one million euro loss of getting out of the leaders from james credence in our media watch second study art in the newsroom it's a low once again to not be a chart clarion calls levies on headlines they sound intelligence officials say they needed the pakistani taliban has been killed in a suspected us drones truck humans are causing to put a dent in the pas. this time in sentences that to be planning his funeral. the resistance from the syrian opposition peace envoy. he was against new delays in peace talks sharon's departure is the main obstacle to getting all psyched to the negotiation table. in reality he is in washington president obama for assistance be back later and said to finance a country suspected cause of the growing unrest that the war. yes this developing story coming out of the us the suspect is said to be in custody until sunday's international apple. today is fri
they knew what they were doing. even those folks couldn't afford it. it is not the rich paying more taxes. it is people who realize in order to buy insurance, which otherwise the irs is going to come after them, but in order to buy insurance, the premiums are up, the co pays are up, the deductibles are up sometimes up to several thousands of dollars. these folks are saying i can't afford health care and send my kids to college or buy the things i need to buy. has why it is outstanding -- that's why it is outstanding she says go and buy something else. the president has doctors on the team at the white house. but the moms and dads out there, the single moms and dads struggling to get through lost it and they don't know how to get it back. >> let's look atey -- lets 8 look. he said don't blame us. it is not the president's fault. >> the law does not say sears drops coverage. the law does not say you drop coverage. the insurance industry decides how it will make money. when the private companies decide that they will drop people or put them in the exchange you blame president obama. he is no
and that they're beleaguered, you know, bank. but what they do get out of it in some cases is tax deductibility. certain aspects of settlements are tax deductible. and they can use that as a negotiating chip for the entire settlement if the justice department allows it. so, we're not clear yet on how much of this will be tax deductible. that would certainly be a benefit to jpmorgan chase. and it would mean that the taxpayers are once again subsidizing this very profitable large institution. also there's a sense that, you know, maybe we can put this behind us, we've paid the freight, we are -- we've been held accountable. but again the problem with that argument is that it is the shareholders who are being held accountable, paying the price, not the actual perpetrators. >> what i hear you saying is that the wrongdoing at jpmorgan, jamie dimon's own failure to manage the offenses created by other executives and by traders and all of that, all of that cost or much of that cost is being passed down to taxpayers and shareholders? >> yes, that's correct. >> that doesn't seem fair. >> well, that's our
will also qualify for tax credits to make the coverage even more affordable. we know that consumers are eager to purchase this coverage, and to the millions of americans who have attempted to use healthcare.gov to shop and enroll in insurance care coverage, i want to apologize to you that the website has not worked as well as it should. we know how desperately you need affordable coverage. i want to assure you that healthcare.gov can and will be fixed and we are working around the clock to deliver the shopping experience that you deserve. we are seeing improvements each week and by the end of november the experience on the site will be smooth for the vast majority of users. over the past month, millions of visited healthcare.gov to take a look at new health care coverage under the affordable care act. in that time, nearly 700,000 applications for coverage have been submitted across the nation. more than half of those are in the federal marketplace alone. this tremendous interest confirms that american people are looking for quality affordable health care coverage. we know that the c
drink bought if san francisco. today, a supervisor will introduce a bill slapping a tax on sugary drinks to battle oh boast. amy? >> good morning. imagine coming here to buy your soda and getting taxed for it. the idea is to tax two cents an ounce, all sugar-sweetened beverages including sports energy drinks and sodas. the supervisor was motivated by the rising oh boast rate in -- obesity rate in the country. it is estimated this will bring in $31 million a year. >> we have taxed alcohol for a long-term. it is not out of the ordinary to tax products with negative side effects. california for food and beverage choice says and i quote, "such measures are unnecessary, wasteful distractions from serious policy-making." the idea is to introduce this to the board today and get it on the ballot
than the u.s., which prompted lawmakers to pass a junk food tax. the mexican congress approved the tax on salty and sugary junk food, charging 8% tax on foods that are 275 call lis or more. the mexican president is encouraging people to exercise an hour a day. i'm morgan radford. see you again at 4am eastern.
for that one-half to get benefits and pays no taxes. why would you vote for a party that cuts taxes you don't pay? >> obama's job approval has dropped and now 44.5%, hitting a low of 41% at the height of the shutdown. what does that slippage tell you? does it tell you the g.o.p. or obama has escaped the shutdown? what it tells you, if i may say so, is they don't think he is an outstanding leader. i'm not saying he's a terrible leader, but he's not a real leader. what they do know. >> is it psychoanalysis time? >> it is far better than anybody else in the country. 44 is not bad. >> and every program he puts out, the republicans say no. immigration reform is the next one out there and the republicans say no? that's a political gift to democrats and the president. >> republicans are to blame. issue three, u.s. tax offense tango. >> we believe if pakistan is secure and peaceful and prosperous, that is not only good for pakistan, it's good for the region and it's good for the world. we work to discuss the accommodations by the corporation. broad based stable partnership founded on the prin
in $5,200 a year but the league untouchable by the tax man? why the league has been able to be tax exempt and who is trying to stop that. >> a new study reveals music does more than make us all dance. why children might want to listen to us before they take a test. [ grunts softly ] [ ding ] i sense you've overpacked, your stomach. try pepto to-go. it's pepto-bismol that fits in your pocket. relief can be yours, but your peanuts... are mine. ♪ we need a new recipe. let us consult the scroll of infinite deliciousness. perfect. [ wisest kid ] campbell's has the recipes kids love. so good! [ wisest kid ] at campbellskitchen.com. [ gong ] m'm! m'm! good! >> 26 palestinian prisoners rb released. they will be the second group of prisoners to be let go since august. israeli and palestinian representatives began talks in jerusalem this summer after a three-year hiatus. as part of the process israel agreed to release 104 palestinian prisoners. edwa a trader according to michael morrell. he claims the nsa leaker caused more harm than good-bye releasing the nsa secret play book. still the f
is a big problem. >> reporter: we were depending on fuel coming from egypt, and without part of the taxes from palestinian authority and [ inaudible ] they promise us it is without taxes, but now they told us that they will stay with the full taxes, which we cannot afford the amount of money for that. therefore we decide to shut down the plant today. so our program of distributing the power to the people have been impaired too much, and now only the power will reach six hour to the consumers and it will be off for the next 12 hour, which will affect all of the services sector and the life on gaza. >>> a controversial bill in thailand grants amnesty to politicians is a step closer to becoming law. it could allow the return of a former prime minister. scott has the update from bangkok. >> reporter: it has evolved into the most divisive issue in thailand. in an early morning session, tieland's lower house approved a controversial amnesty bill. it grants blanket amnesty to those who committed crimes related to politics over the last nine years, including some people who are now on trial or in
for the subsidy and then once we reconcile these records, they get taxed the money back off of their refund. and so this is what i mean when i say rude awakenings. people are signing up for insurance. they're getting tax credit subsidies funded by taxpayers. the irs is already telling us they're confused about how to do this. you're not telling us whether or not you're proactively determining whether, say, an under 26-year-old is actually eligible for the subsidies you're trying to sell them and the problem is once we learn whether or not they were eligible and if they weren't, people in good faith will be signing up for subsidies that they're not eligible for. >> i think you're asking a different question, which is are we doing 100% income verification on everyone. >> and subsidy eligibility verification. >> yes. so part of the question in the application process is are you depending on your parents, on your parents tax plan so that is part of the questioning that goes on and if so we move them in that direction. more importantly, part of what you're asking is the income verification, whic
be asked to pay a little bit more in taxes. maybe we might want to end all of the corporate loopholes that currently exist. again, that's not bernie sanders. january 29, 2013, poll by hart research associates. 66% of the american people believe the wealthiest 2% should pay more in taxes, and 64% of the american people believe that large corporations should pay more in taxes than they do today. well, guess what? the american people have given us a solution to the major crises facing the american people. they will want to invest in our economy, they will want to create jobs, they want to ask the wealthy and large corporations to pay more in taxes. they do not want to cut social security, medicare and medicaid. that's the real world. then you come back to washington. what are people saying? let's cut social security, medicare and medicaid, let's not invest in our infrastructure and create jobs, and in fact let's give more tax breaks to the wealthy and large corporations. so this is an alice in wonderland world. the american people are saying one thing and the lobbyists around here and ma
and says it's worth $40 a share. there's the alibaba ownership. that's after tax affecting it i think. and you get to $40 -- $6 a share for the core business. we shall see. but i will tell you this, alibaba growing as quickly as it is will be fascinating to see when it does come public. that will be a first half ipo. again, the filing still expected in the first quarter. you actually get the offering then, unclear, but let's assume it's the first half of the year. another key that yahoo! shareholders need to be up on, can they figure a tax efficient way for what it doesn't sell, may sell as little as 9% and therefore have a good remainder of alibaba, which is shocking, $190 billion. >> it's killing it. >> killing it. ebidta growing. it puts twitter to shame. >> as for the bernstein call, what if the core value does improve? >> here's the issue for me. wrooef se we've seen these over and over again, internet companies and people go crazy. i don't know what to pay for alibaba. i don't. if it's real, and it sounds real -- >> it's real. this company is generating enormous operating profit
, the fall scout, next. >>> next, why one bay area leader wants to put a soda tax on next year's pal lot. >>> and, blown away, literally. the strong storms that swept some pedestrian off their feet. ,,,,,, >>> it was a flat day on wall street. the dow slipped a point. nasdaq drop more than three. s&p rose two points. that was enough for another record close. shares of apple dipped following the release of its earnings report. the company said it made a small profit in the fourth quarter. small because of the cost of the popular iphone. still, the all the beat wall street expectations. overall, apple stock up 25% since the last earnings report in july. >>> a delegation of european diplomats came to washingtoned to demanding answers about nsa's spy. a spanish newspaper reported the nsa monitored 60 million phone calls there in one month. germany and france were also caught up in the nsa sweep. some european leaders say they should consider allowing the u.s. to track terrorist spendening. >> i think they have to make a clear distinction between fighting terrorist but not spying on france. >
is that over 10% of america's largest companies pay zero percent tax rate. i would like to know where the big target shooter stands on that. does he think that's fair for average americans? that 10 percent of meramerica's largest companies pay zero percent? never answers those kinds of questions because the conservative media protects those folks. cruz cares about protecting his big money corporate interests, and he's always at work. he wants those folks to put him in office. and you know what, as of late, there is no better example than his most recent stunt. pay attention, folks. ted cruz is blocking president obama's nominee for chairman of the federal communications commission. now, the president has nominated ex tell com industry lobbyist tom wheeler. good guy. wants him to head up the fcc. now, of course, there are five seats on the federal communications commission, and three of them are vacant. and, of course, they're looking for some good democrats, because that's how it works when you have a democratic president. wheeler is a democrat, and republicans are worried that he might, wait
in the history of the world, and at the same time receiving these really generous tax breaks and subsidies totaling many billions of dollars from the federal government. it does not make sense. why do they need that when they have all the money in the world? more money than they can count. more money than they know what to do with. that was the piece of looking at it and say, what are the ways they preserve what they have? how do they preserve these breaks? what are they worth? what is the history? the piece is a visual spread from the actual basic numbers about these tax breaks, and then we get to conspiracy theories about how oil subsidies might have had a role in the assassination of john f. kennedy, it goes all over the place. but how does the oil industry keep these seemingly unjustifiable tax breaks alive? the numbers from that story, from the charts. the annual estimated tax breaks for the big five oil companies -- chevron, seven hundred million dollars. exxon mobil $600 million. conoco phillips $600 million. bp 300 million dollars. shell, 200 million dollars. plenty of other charts
. it is poured to understand if she is eligible for tax credit because that affects the price you would pay. >> can she find out the cost of the plan without finding out -- without signing up? interested innot the tax credit and you just want to know what rates are available, we have on the website the ability -- availability to do that. quest website is not working. >> this is on the front end. what is not working are some of the pieces inside the application. interested int rates in our market, that is available through the website. there is also the ability, and we have a link to that on the website, to use kaiser site which also allows them, if they believe they are eligible to task credits, to go in and simulate what that would look like. interested int test credits and they just want to know what is available to them, and i have several friends available to me, i just want to see what rates on individual margaret -- they have decided to do that. quest they do not. quest your positive? >> i am positive. >> is in the person on the phone with my constituent who is trying to find out if t
too much. about two-thirds said raising taxes to cut the deficit was a nonstarter. and compared to obamacare, which more voters actually said they wanted to repeal, these levels of support are striking. so if our friends on the other side want to keep trying to claim an electoral mandate for maintaining obamacare contradicted by the facts as that phaoeurbgs while using their own logic we had to call the mandate for reducing the size of government a super mandate. that's why their new plan to undo the cuts the president campaigned on and increase the debt is so outrageous. we hear that the senior senator from new york will soon announce a proposal to give the permanent -- give the president permanent power to borrow more. in other words, he wants to extend the debt ceiling permanently by going around congress. let me repeat that. the so-called schumer-obama plan is a plan to permanently hand the president a credit card without spending limits and without lifting a finger to address the national debt. truly outrageous, especially when you consider that our debt is now $17 trillion
capability back in the early '80s, and it proved a remarkable decision on his part. >> and to cut taxes. >> and cut taxes at the same time. so i'm not opposed under certain circumstances to running deficits. the debt is another problem and we've gotten to the point now where especially because of entitlement programs but because there really hasn't been much done in the way of trying to restrain spending, we now have trillion dollar deficits every year and a $17 trillion debt we are passing on to our kids and grandkids. that concerns me. >> a lot of economists look at the debt and say a lot of the reason for the debt, in addition to the entitlement programs you're talking about, are things that you and president bush did in terms of funding or not funding the iraq and afghanistan wars, in terms of the medicare prescription drug benefit and in terms of the tax cuts. are you and president bush not also responsible for the deficit? >> well, in terms of prescription drug benefits for seniors, that's something the president campaigned on before i ever got involved. i think it was a good prog
act. they don't like the fees and taxes on the industry. customers.he new they are lobbying to stop some of the feed but there's a mixed of the companies in health care. >> the los angeles times put out story taking a look at the cases in insurance and some cases in headlines. they're going get pricier as the out.rolls how -- if people are taking in the health insurance companies are health hem in, insurance companies changing how the policies for members because affordable care act. >> let's talk about something hat's happening to hundreds of thousands of people in small groups and individual markets. they currently have policies hat might no offer the same comprehensiveness of coverage that the affordable care act has. essential health care.its, majority they're getting notices from the insurers that they will not meet the standard starting january 1. this is the story too. my colleagues broke. it's gotten a lot of attention the press this week. what's happening is insurers are reaching out to those policy coveragend saying this is no longer adequate. you can enroll in a different
for young people. >> i vote for the tax, yeah. as long as i know for sure it's definitely going toward that program and definitely going toward that cause then, yeah, i'd pay for the tax. >> sugar is terrible for you and everyone drinks sugar all the time. i feel like people would stop drinking sugar y sodas if they were 24 cents extra. >> the idea would need support from the majority of supervisors to get on the ballot. similar measures were defeetd last year. >>> and protesters plan a rally today against another one of scott weiner's proposals. this time, the supervisor wants san francisco parks to close between mid niethd and 5:00 a.m.. the idea is to stop vandalism and theft. protesters say the plan targets homeless people. today's rally will be at noontime at city hal. >>> celebrity chef guy fierri took the stand against bay area teen accused of stealing his lam boar gee knee. max is accused of repealing into a san francisco car dealership in 2011 and stealing the $200,000 car to impress a girl. fieri spent five minutes on the stand yesterday telling the court he never gave permis
't forget, it's tax deductib deductible. >> i disagree. okay. >> last word. are you disinvesting, mike? >> no, no, i'm always fully invested. i've been riding this. i've been delighted. we've had a very defensive take on the markets. as you know, i've stayed with my health care, my technology. my industrial stocks and my consumer staples. we've been looking like a hero. i hope it continues. but i don't -- i think you're much wiser when prices get this high. p/e multiples expand and profit margins are at all-time highs to hit your singles and doubles. >> buy and hold. that's my mantra. this thing is going to come to an end. they always do. i know that. >> yeah. >> but right now, it isn't the end. i'm with mr. heebner on this one. thank you. we appreciate it very much. >>> now, news, israelis take out a huge shipment of russian missiles in syria. looks like they were being sent to the terrorists at hezbollah. we're going to have the latest on that developing story and more, just ahead. it's a growing trend in business: do more with less with less energy. hp is helping ups do just that. s
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